Petrolia Finds Gas in Haldimand-1 Well
Pétrolia has discovered gas shows in its third Haldimand-1 drilling well (PEA-3) at different depths. In fact, since drilling began, several natural gas shows of varying intensities have been encountered in the Gaspé sandstone. The well is located 5 km from the Town of Gaspé, south of Sandy Beach Port in Quebec, Canada.
"Hitting such gas shows is relatively new as none of the drilled wells in the Haldimand pennisula revealed the presence of any significant of natural gas in the sandstone cluster. These indicators confirm the presence of hydrocarbons in the potential reservoir zones of this Gaspé sector," announced André Proulx, Company President.
The geophysical logs and other tests to be performed once drilling is completed will enable us to determine the reservoir properties and production capacities of these zones.
To date, drilling has reached a depth of 564 meters and will continue to 1,000 meters.
This well, owned by Pétrolia (90% interest) and Gastem (10% interest) (GMR :TSX-V) is part of Pétrolia's 14-drilling well program slated for 2005/2006 on the Gaspé property.
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